goal setting process

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WHY IS GOAL-SETTING IMPORTANT? JELD-WEN’s PMP: THE GOAL-SETTING PROCESS Goal-seng is the foundaon of Performance Management and the first phase of the PMP. It is a collaborave process be- tween employees and managers to develop a Goal Plan that: Allows employees to understand how their contribuons and performance fits into the company’s overall strategy. Emphasizes the importance of holding ourselves accounta- ble for results. Facilitates producve check-in meengs and mid-year con- versaons between employees and managers. Goal Discussion: Employees and managers will meet to discuss and reach agreement on 3-5 individual performance goals that are most crical for business results over the year. They should discuss work expectaons as well as expectaons around the behaviors an employee should demonstrate in performing their role. (JELD-WEN’s Company Values) Goal Plans in eCentral: Employees will enter goals into eCen- tral, at which me managers will review and approve the em- ployee’s goals. Monitoring Progress: Managers and employees should meet regularly throughout the year to monitor progress on goals and discuss any modificaons that might be necessary due on a shiſt in the direcon and/or the priories of the business. Employees should update their Goal Plan as appropriate. HOW ARE GOALS SET? GOAL PLANS ARE CREATED IN eCENTRAL .

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Page 1: Goal setting process

WHY IS GOAL-SETTING IMPORTANT?

JELD-WEN’s PMP:

THE GOAL-SETTING PROCESS

Goal-setting is the foundation of Performance Management and the first phase of the PMP. It is a collaborative process be-tween employees and managers to develop a Goal Plan that:

Allows employees to understand how their contributions and performance fits into the company’s overall strategy.

Emphasizes the importance of holding ourselves accounta-ble for results.

Facilitates productive check-in meetings and mid-year con-versations between employees and managers.

Goal Discussion: Employees and managers will meet to discuss and reach agreement on 3-5 individual performance goals that are most critical for business results over the year. They should discuss work expectations as well as expectations around the behaviors an employee should demonstrate in performing their role. (JELD-WEN’s Company Values)

Goal Plans in eCentral: Employees will enter goals into eCen-tral, at which time managers will review and approve the em-ployee’s goals.

Monitoring Progress: Managers and employees should meet regularly throughout the year to monitor progress on goals and discuss any modifications that might be necessary due on a shift in the direction and/or the priorities of the business. Employees should update their Goal Plan as appropriate.

HOW ARE GOALS SET?

GOAL PLANS

ARE CREATED

IN eCENTRAL.

Page 2: Goal setting process

SPECIFIC:

Is a goal that contains detailed descriptions of defining what you will be doing. Being specific

will assist you and your manager in determining and agreeing to the scope of the goal.

MEASURABLE:

Is a goal that can answer the questions, ”how much?”, “how many?” or “how often?”. By

providing measurable details, you and your manager will be able to determine appropriate

levels of effort needed to complete the goal.

ATTAINABLE:

Is a goal that contains details to describe if the goal is achievable. You and your manager will

need to decide if knowledge, resources, budgets, time-frames, etc. are in place to support

achieving the goal.

RELEVANT:

Is a goal that represents alignment to support current business initiatives and departmental

goals. Your manager will need to ensure the goal is appropriate and relevant to current busi-

ness initiatives.

TIME-BOUND:

Is a goal that will specify a time-frame. You and your manager will need to determine if pro-

gress can be made toward completing the goal on time.

Goals clearly define what is expected of employees throughout the year. At JELD-WEN, effec-tive goals meet certain criteria and follow the SMART model. (Specific, Measurable, Attainable, Relevant and Time-bound.) It’s important to begin each goal with an action verb (create; imple-ment, design, establish, oversee, etc…) and ensure they meet the SMART criteria outlined be-low.

SETTING SMART GOALS

Page 3: Goal setting process

DO’S AND DON’TS OF GOAL-SETTING

When developing your goals, don’t use

words like “better” or “more”; be specific

about the standard of performance includ-

ed in your goal.

Don’t develop more than 5 performance

goals. 3-5 goals is ideal to create realistic

Goal Plan.

Don’t forget to reach agreement with your manager on your goals. Talk with your manager if you need clarification on a goal.

Everyone in the PMP population has a role as an “Employee”. If you have direct reports who are in the PMP population, you have additional responsibilities throughout the process. Below are some tips to consider for both an employee and a manager.

When developing your goals, be specific

about the actions you will take and the

timeline for completing the goal.

Do keep your goal plan current by tracking

your progress toward completion of goals

and updating your goals based on infor-

mation provided by your manager.

Do communicate with your manager if you

need support in achieving your goals. Ask

for feedback on how you are doing.

Allow your employees sufficient time to write their SMART goals.

Define quantity, cost, timeliness, and/or quality in each of your employees’ goals

Make sure that the goal is observable. The results need to be evident to you.

Encourage dialogue and be open to what the employee has to say.

Evaluate and re-evaluate progress; conduct feedback discussions throughout the year.

Remember to review and approve your employees’ Goal Plans in eCentral!

DO DON’T

ADDITIONAL TIPS FOR MANAGERS